File #: 2010-0405    Version: 1
Type: Finance Status: Passed
File created: 9/29/2010 In control: City Council Regular Meeting
On agenda: Final action: 10/4/2010
Title: FY 2010 3rd Quarter Budget Amendments
Attachments: 1. Agenda Summary.pdf, 2. 2010 - 3rd Qtr BA Overview.pdf, 3. 2010 - 3rd Qtr Budget Amendments.pdf, 4. 2010 Budget Amendments.pdf, 5. Public Hearing Notice.pdf, 6. Suppl Bond Refunding Detail Explanation.pdf, 7. Resolution.pdf

Title

FY 2010 3rd Quarter Budget Amendments

 

Body

Whereas, in accordance with the provisions of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act, and the Charter for the City of Rochester Hills, Chapter III Section 3.7, the City Council may amend the budget during the fiscal year, either on its own initiative or upon recommendation of the Mayor; and

 

Whereas, in accordance with Section 19 of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act the City Council may permit the Mayor to execute adjustments to the budget within limits;

 

Whereas, the Public Hearing for the proposed 2010 3rd Quarter Budget Amendments was noticed on September 16, 2010; and

 

Whereas, the proposed 2010 3rd Quarter Budget Amendments were available for public viewing beginning on September 24, 2010; and

 

Whereas, at its October 4, 2010 meeting City Council held a Public Hearing on the proposed 3rd Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby approves the following 2010 fund totals as amended:

 

101 - General Fund

 $25,613,270

202 - Major Road Fund

 $  5,327,590

203 - Local Street Fund

 $  6,718,740

206 - Fire Department Fund

 $  7,860,720

207 - Special Police Fund

 $  9,011,510

214 - Pathway Maintenance

 $     666,480

244 - Drain Maintenance Fund

 $  1,491,320

299 - Green Space Millage Fund

 $  1,113,890

368 - OPC Building Debt Fund

 $     917,060

369 - OPC Building Debt Refunding Fund

 $  7,320,060

370 - Municipal Building Debt Millage Fund

 $     576,220

393 - Municipal Bldg Refunding Debt Fund

 $  7,031,890

402 - Fire Capital Fund

 $     315,500

403 - Pathway Construction Fund

 $  1,781,300

420 - Capital Improvement Fund

 $     151,810

592 - W&S Operating Fund

 $30,312,050

593 - W&S Capital Fund

 $  7,305,970

595 - Water & Sewer Debt Service Fund

 $  1,200,570

631 - Facilities Fund

 $  4,966,240

636 - MIS Fund

 $  2,095,500

661 - Fleet Equipment Fund

 $  3,914,600

736 - Retiree Health Care Trust

 $     188,640

848 - LDFA Fund

 $  1,087,800

 

 

NOTE:  Some fund totals include contributions to fund balance.

 

 

Be It Further Resolved, the Mayor is authorized to administratively adjust the operating budget line-items up to $25,000 per event, but in no case may total expenditures of a particular fund exceed that which is appropriated by the City Council without a budget amendment.